Prudential (LON:PRU) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Prudential plc (LON:PRU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 710.60 ($9.62) and traded as high as GBX 871.80 ($11.80). Prudential shares last traded at GBX 866.40 ($11.72), with a volume of 8,792,786 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on PRU. Bank of America reissued a "buy" rating and set a GBX 1,000 ($13.53) price objective on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,000 ($13.53) target price on shares of Prudential in a research report on Monday, May 19th.

Prudential Stock Down 2.9%

The firm has a 50 day moving average price of GBX 804.31 and a 200-day moving average price of GBX 715.86. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. The firm has a market cap of £27.19 billion, a PE ratio of 41.28, a PEG ratio of 0.40 and a beta of 1.20.

Prudential Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Thursday, March 27th were paid a $0.16 dividend. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Prudential's previous dividend of $0.07. Prudential's dividend payout ratio (DPR) is presently 84.92%.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).